Confluence for days.
By
Zac Mannes
I could easily count a (C) wave complete here in ES, but NQ looks like it will want OML... and even if ES wanted to really start turning up off this low... SPX would want to force a test of the green box in RTH.
There is perfect confluence for OML in ES to the 2751.25 level, this is both the 138.2% extension of (C) and the 38.2% retrace of micro 3 for the 4th.
Micro 5 of c of (iii) on deck though.
And there is nice confluence at 2830 for the 100% extension of c and the 138.2% extension of (iii) in the LD, though ES may be satisfied with the more "normal" 123.6% extension hit hit for the third of an LD.
Go Caps!
@ES# - Alternate 4 - Jun-08 0616 AM (5 min)
@NQ# - Primary Analysis - Jun-08 0615 AM (15 min)
@ES# - BIG Macro - Jun-08 0616 AM (1 hour)
SPX.XO - Micro Counts - Jun-08 0616 AM (15 min)
